Thank you for being a friend! This week, we were humming one of our favorite TV theme songs after reading some of the latest media coverage about the home-sharing trend among seniors.
Also this week, SHN readers were eager to find out why some experts think the senior housing boom might be ending and how CCRCs could be affected by a bill in California. And we looked into why some senior housing industry professionals are anxious about a flood of new capital in the senior housing space.
Why the Senior Housing Boom Might Be Ending—Marked by record-high transaction volume, the senior housing industry has been teeming with new capital and blockbuster deals. Beth Mace, chief economist and director of capital markets at the National Investment Center for Senior Housing & Care (NIC) explains how the shifting economic environment may change the game.
Entrance Fee Bills Jeopardize CCRC Balance Sheets—Continuing care retirement communities (CCRCs) are closely following the outcome of a bill in California that could upset business models across the industry. The bill would require CCRCs to refund entrance fees for departed residents in a shorter time period or face incurring interest.
Why a ‘Dumb Money’ Influx Has Senior Housing Execs Jittery—New capital flowing into the senior housing markets a major source of anxiety right now, a Capital One survey shows. SN sat down with two Capital One directors to find out why.
Living Like ‘The Golden Girls’: Shared Housing for Senior a Practical Option—Two women in their early 70s in Livermore, California, live together as roommates, just like in “The Golden Girls.” While there’s no promise of humorous disputes like the hit television show, more seniors are turning to sharing a home with another older adult as a popular retirement option.
Written by Amy Baxter